On average, listings lease in the $30's per square foot per year. The South Plaza region is experiencing a a boost in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the Kansas City market, the South Plaza region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 19 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the listings in the South Plaza are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 13,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 12 stories. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the occupants of South Plaza work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in South Plaza.
Get email notifications when new listings are posted that match your requirements.